Accounts
Group Statement of Total Recognised Gains and Losses for the years ended 31 March
|
2005 £m |
2004 (restated)(i) £m |
2003 (restated)(i) £m |
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Profit for the year | 908 | 1,074 | 351 |
Exchange adjustments | (73) | (417) | (322) |
Tax on exchange adjustments | – | (12) | 12 |
Unrealised gain on transfer of fixed assets to a joint venture (net of tax) | – | – | 6 |
Total recognised gains and losses relating to the year | 835 | 645 | 47 |
Prior year adjustment (i) | (140) | ||
Total recognised gains and losses since last annual report | 695 |
(i) | During the year ended 31 March 2005, the Group adopted FRS 20 ‘Share-based Payment’ – see note 1. |
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The notes form part of the Accounts.